In the days between May 26 and June 1, Tornado Cash validators regained control, Tron patched a bug that could be exploited for $500 million, Binance said it will delist privacy coins in four European countries, Coinbase settled insider trading charges and Hong Kong police joined the metaverse.
Between May 19 and 25, a hacker took control of Tornado Cash and stole $1 million, plaintiffs in a Coinbase-bankrolled lawsuit pressed for summary judgment, attackers used crypto phishing as a service to steal $6 million, Trezor hot wallet was found to possibly be buggy and Celer patched a bug.
Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022, TRM Labs said.
MiCA's consumer protection provisions extend to cybersecurity, with its anti-money laundering, cyberattack liability and travel rule clauses. ISMG contributors Ari Redbord of TRM Labs and Troy Leach of Cloud Security Alliance discuss its impact on cybercrime, compliance challenges and the way ahead.
In the latest weekly update, four ISMG editors discuss the mounting fallout from the March hack of Capita and accompanying data breach, the comprehensive crypto regulation adopted by the EU, and Crosspoint Capital's agreement to purchase Absolute Software for $657 million.
In the days between May 11 and May 18, the Uranium Finance hacker laundered more stolen funds, LayerZero launched a $15 million bug bounty program, the European Union adopted comprehensive cryptocurrency legislation, and Ledger faced backlash on its seed phrase recovery solution.
The European Union on Tuesday formally adopted the world's first comprehensive regulatory regime for the cryptocurrency industry in a measure supporters say will tame volatility illustrated by high-profile crashes such as FTX. The proposal, known as MiCA, will go into effect progressively.
A hacker made $34 million from MEV bot attacks, NYDFS penalized Bitflyer for lax cybersecurity, Ishan Wahi was sentenced in the Coinbase insider trading case, the IRS is training Ukraine in blockchain forensics and the New York AG proposed a crypto cybersecurity bill.
Ransomware hackers' favorite currency is cryptocurrency. Digital assets transfer millions of dollars each year from victims to cybercriminals. But that dependency is also an opportunity for law enforcement to hit ransomware hackers in their most vulnerable spot.
AI Trust Risk and Security Management - AI TRiSM - is a new Gartner research category, and distinguished analyst Avivah Litan is assigned to it. She discussed today's AI attack surface, including attacks that use AI as well as attacks against it and trends to watch in the second half of 2023.
In the days between April 28 and May 4, the FBI and Ukrainian police seized nine virtual currency exchanges that serviced cybercriminals, Privacy Affairs noted the cost of hacked crypto accounts on darknet markets, and Level Finance suffered a $1 million hack.
Between April 21 and 27, hackers stole $1.8 million from Merlin, $22,638 from Kucoin and $170,000 from Trust Wallet and attacked UniSat Wallet. The U.S. indicted two men for DPRK-linked money laundering, and a U.K. parliamentary panel heard plans to curb cybercrime with better crypto seizure skills.
ISMG editors are live at RSA Conference 2023 in San Francisco with an overview of the latest speakers and hot topics, including the continuing conversation about generative AI and the decline and fall of blockchain. Join us for daily updates from San Francisco.
The United Kingdom should augment its cryptocurrency asset seizure abilities as part of an effort to combat ransomware and other cybercrime, a parliamentary panel heard. The rate of seizures is not commensurate with the level of crypto adoption, said Aidan Larkin, CEO of Asset Reality.
Between April 14 and 20, hackers stole $23 million from Bitrue, $7 million from Hundred Finance and $10.5 million from 11 blockchains. The SafeMoon hacker returned 80% of the stolen $8.9 million, MetaMask suffered a third-party breach and Kyber Network advised LPs to withdraw funds from Elastic.
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